HDB resale flat prices for 2023 rose by 4.8%, less than half of the 2022 increase, as a result of cooling measures. The resale volume in Q4 2023 is the lowest compared to the last three years. HDB launched 24,447 flats in 2023, with a moderating median first-timer application rate for 3-room and bigger flats. HDB will offer about 4,100 flats in February 2024 in various areas. In India, the article anticipates stability in bond yields with a focus on the upcoming state debt sale, with expectations of a 'bull steepen' in the bond yield curve due to potential interest rate cuts from the U.S. and Indian central banks.

HDB Resale Prices and India Bond Yields